IN BRIEF: Calnex Solutions reports solid start to current year

Calnex Solutions PLC - West Lothian, Scotland-based provider of test and measurement solutions for the telecommunications sector - Reports solid progress against its strategy in the first few months of its current financial year ending March 31, 2022, leading to confidence that its annual performance will be in line with market expectations.

Calnex reports high demand for its range of test and measurement products and services, and its order book remains strong.

Looking ahead, due to the effect of the global semiconductor shortage on its manufacturing abilities, monthly revenue is expected to fluctuate, while the financial year is weighted more towards the second half.

Current stock price: 156.34 pence

12-month change: up 37%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Calnex Solutio.